Virginia Code 58.1-1702: Tax levied.
There is hereby levied, in addition to all other taxes now imposed by law, a state excise tax on every wholesaler or distributor of carbonated soft drinks. The tax shall be based upon the gross receipts of each wholesaler or distributor from the sale of such soft drinks and shall be determined according to the following schedule:
Terms Used In Virginia Code 58.1-1702
- State: when applied to a part of the United States, includes any of the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, and the United States Virgin Islands. See Virginia Code 1-245
- wholesaler or distributor: means any person, firm or corporation who manufactures or sells at wholesale carbonated soft drinks to retail dealers for the purpose of resale only or who sells at wholesale to institutional, commercial or industrial users or who distributes such drinks to chain stores. See Virginia Code 58.1-1701
1. The tax shall be $50 if gross receipts do not exceed $100,000;
2. The tax shall be $100 if gross receipts exceed $100,000 but do not exceed $250,000;
3. The tax shall be $250 if gross receipts exceed $250,000 but do not exceed $500,000;
4. The tax shall be $750 if gross receipts exceed $500,000 but do not exceed $1,000,000;
5. The tax shall be $1,500 if gross receipts exceed $1,000,000 but do not exceed $3,000,000;
6. The tax shall be $3,000 if gross receipts exceed $3,000,000 but do not exceed $5,000,000;
7. The tax shall be $4,500 if gross receipts exceed $5,000,000 but do not exceed $10,000,000;
8. The tax shall be $7,200 if gross receipts exceed $10,000,000 but do not exceed $25,000,000;
9. The tax shall be $18,000 if gross receipts exceed $25,000,000 but do not exceed $50,000,000; and
10. The tax shall be $33,000 if the gross receipts exceed $50,000,000.
Code 1950, § 58-404.02; 1977, c. 616; 1979, c. 134; 1984, c. 675; 2002, c. 15.